Facts or Recorded Measures of Certain Phenomena (Things or Events)are

question 34

Multiple Choice

Facts or recorded measures of certain phenomena (things or events) are known as:

• A)data
• B)information
• C)market intelligence
• D)knowledge
• E)value

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Definitions:

Genuine Reports

Unbiased, truthful, and accurate accounts or documents that represent facts faithfully.

Socially Responsible Behavior

Describes actions by individuals or organizations that benefit society at large, often going beyond legal or financial obligations.

Business Firm

An organization engaged in commercial, industrial, or professional activities, either for profit or not-for-profit.

Profit Maximization

The process or strategy of adjusting a firm's operations, sales, and costs to achieve the highest possible profit.